Selling a Home with Mold

Every home has a potential to grow mold and if left unattended it can become a big problem. The word mold is a huge deterrent to buyers even in  moist climates where mold is a very common occurrence. Mold can cause serious health problems when someone is exposed to significant amounts over a long period of time. So what is a homeowner to do if they have mold problems and want to sell their home?

Selling a home where a mold problem has been discovered or is already known is not a small task and should be taken very seriously. If mold is not disclosed or paperwork is not  dealt with properly you could end up with a lawsuit on your hands and hefty costs to fix the situation.

In an ideal situation you have found the mold before putting your home on the market. This is the time when you want to call in a mold  specialist and have the home cleaned up before any buyers walk through the property. Once you have a specialist come in a take care of the problem you will want  to get the documents proving you have taken the steps to get rid of the mold and your home is now mold free.

In some cases you may not know there is a mold condition in your home until the buyer’s inspector comes through. At this point you are faced with offering a solution to keep the home in escrow. You could offer money towards the mold clean  up or lower the price of the home, or delay the sale until the mold is taken care of.

Make sure to have a lawyer look over any contracts to be sure you will not be liable once the house sale has closed for any removal attempt gone wrong or mold returning.

So what if you need to sell your home with a mold problem and have no money to repair the issue or  to help remove it? You may want to consider selling the home to a cash home buyer. Reputable home buying companies will buy your home as-is for cash without any expectation to have repairs made. A serious home buyer will bring in their own inspector and if they are still interested in purchasing the property will  give you an all cash offer with  no obligation to accept. In many cases you can be closing on the sell of your home in just a few weeks. This is a good option if you have found yourself in a difficult selling situation.

For more information on selling your home in Palm Desert or surrounding areas, please contact me anytime.